Ed Yardeni: Why Stocks Will Keep On Cooking

Veteran market strategist Ed Yardeni has been bullish since 1982 and sees no reason, yet, to change his mind.

By

Leslie P. Norton

March 8, 2018 10:50 a.m. ET

By

Leslie P. Norton

March 8, 2018 10:50 a.m. ET

Forty years ago, a headhunter with a thick New York accent telephoned Ed Yardeni, a young New York Federal Reserve economist, and enticed him to join E.F. Hutton. Not long after, Yardeni’s former boss, Paul Volcker, became the Fed chief and kicked interest rates higher. As Volcker succeeded in crushing sky-high prices, his former employee became an early believer in falling inflation, and then, in 1982, in rising stock markets. Yardeni has rarely wavered through a sequence of jobs at Deutsche Bank, Prudential Equity Group, and now at his own firm, Yardeni Research. Stocks have been “a long good buy,” he says, and he’s...